EBITDA ROIC definition

EBITDA ROIC means, for any Year, an amount equal to (i) the product of (y) EBITDA and (z) one (1) minus the Corporate Tax Rate, divided by (ii) Average Invested Capital.

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EBITDA ROIC means, a ratio of (1) operating income (loss) after impairment charges, plus depreciation and amortization charges, plus, to the extent included in income (loss) above, any impairment charges, in each case, of the Company and its subsidiaries as determined in accordance with GAAP, but in the case of impairment charges solely to the extent such charges result from capital market and/or economic conditions creating a stock market trigger that requires testing for and recording of impairments under GAAP which cannot be attributed to any fundamental change in the underlying current or expected operating cash flows associated with the impaired assets, as reflected in the financial statements of the Company and its subsidiaries and the notes thereto (after taking into account the Company’s effective income tax rate) to (2) Average Invested Capital. “Average Invested Capital” is defined as the sum of total assets (disregarding any impairment charges during the applicable fiscal year), minus total current liabilities, plus indebtedness for borrowed money included in total current liabilities, in each case, of the Company and its subsidiaries as determined in accordance with GAAP, calculated as the simple average during a fiscal year based on the last day of each of the trailing five fiscal quarters through the end of the applicable fiscal year, minus the impairment charges disregarded in determining total assets above.

Examples of EBITDA ROIC in a sentence

Not later than 90 days after the beginning of each fiscal year, the Committee will establish a bonus pool (the “Bonus Pool”) equal to a percentage of one or more pre-established, objective Company performance factors (e.g., EBITDA, ROIC or sales) selected by the Committee for the fiscal year.
Earned Tranche 3 RSUs, if any, shall vest, 100% upon the Committee’s certification of the attainment of the EBITDA ROIC goals for the Tranche 3 RSU; provided Executive continues employment with the Company or its subsidiaries through February 28, 2015.
Earned Tranche 2 RSUs, if any, shall vest, subject to Executive’s continued employment with the Company or ▇▇▇▇▇ of ▇▇▇▇ or its subsidiaries, as follows: (1) 66.7% on upon the Committee’s certification of the attainment of the EBITDA ROIC goals for the Tranche 2 RSUs; and (2) 33.3% on February 28, 2015.
On or before May 15, 2013, the Committee shall meet to evaluate whether the EBITDA ROIC goals for the Tranche 1 RSUs have been attained.
Earned Tranche 1 RSUs, if any, shall vest, subject to Holder’s continued employment with HoT Nevada or the Company or its subsidiaries, as follows: (i) 33.4% upon the Committee’s certification of the attainment of the EBITDA ROIC goals for the Tranche 1 RSUs; (ii) 33.3% on February 28, 2014; and (iii) 33.3% on February 28, 2015.
During the Employment Period, contingent upon Executive’s continued employment with the Company and ▇▇▇▇▇ of ▇▇▇▇ meeting certain EBITDA ROIC (as such term is defined in Section 2.5(b)(vi)) goals as set forth below and subject to the terms and conditions of the 2011 Bonus Plan, the Company or ▇▇▇▇▇ of ▇▇▇▇, as applicable, shall transfer ownership of and assign all rights under the Policies to The ▇▇▇▇▇▇ ▇.
All restrictions on restricted stock, restricted stock units and other stock awards granted to ▇▇▇▇▇ prior to the Separation Date shall be removed and the rights to the stock and/or cash underlying such awards shall immediately vest, other than restricted stock units for which the applicable EBITDA ROIC targets (as defined in the Employment Agreement) have not been achieved of as of the Separation Date.
Except as otherwise may be set forth in Sections 4.1(a), (b) and (f), no Policy shall transfer prior to the date that the Committee certifies the applicable EBITDA ROIC goals have been attained.
Earned Tranche 1 RSUs, if any, shall vest, subject to Executive’s continued employment with the Company or ▇▇▇▇▇ of ▇▇▇▇ or its subsidiaries, as follows: (1) 33.4% upon the Committee’s certification of the attainment of the EBITDA ROIC goals for the Tranche 1 RSUs; (2) 33.3% on February 28, 2014; and (3) 33.3% on February 28, 2015.

More Definitions of EBITDA ROIC

EBITDA ROIC means, a ratio of EBITDA (after taking into account the Company’s effective income tax rate) to Average Invested Capital.